NEW YORK - July 12, 2023 - PRLog -- Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that Topside Federal Credit Union has chosen to implement its AI-powered credit decisioning platform. The credit union aims to enhance and automate its credit decisioning by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform. As part of this deployment, Scienaptic will leverage its existing integration with MeridianLink (Consumer) to enable seamless AI-enabled decisions with greater speed and accuracy.

Headquartered in Dahlgren, Topside Federal Credit Union has been serving the communities of Virginia since 1961. Inspired by the nautical term "Topside" (above the water's surface), a vantage point providing the best view on a vessel, Topside Federal Credit Union symbolizes the support members need to stay on top of their finances. With assets surpassing $500 million and a membership exceeding 40,000, Topside Federal Credit Union has experienced substantial growth over the past seven decades. Committed to its mission of "serving to support", both internally and within the community, the credit union prioritizes empowering its members to ensure their financial well-being.

"As a credit union that continues to grow with its members, we are committed to incorporating innovative technologies to ensure our relevance for current and future generations," said Kathy McCarthy, Chief Lending Officer of Topside Federal Credit Union. "With Scienaptic's AI-powered platform, we can significantly reduce turnaround time on loan applications, providing our members with swift credit decisions. Not only will the platform enable us to maintain a competitive edge in efficiently processing loan applications, but it will also equip our hardworking underwriting staff with the tools they need to make faster and more personalized credit decisions. We are excited to embark on this journey with Scienaptic and can't wait to see the positive impact it will have!"

Pankaj Jain, President of Scienaptic AI, said, "I am delighted to witness Topside Federal Credit Union's decision to adopt our credit underwriting platform. Our platform will help them elevate member experience, make AI-powered regulatory-compliant loan decisions and mitigate risk. We are honored to be part of Topside Federal Credit Union's mission to help its members achieve their financial goals. We are committed to bringing our industry-leading technology to more credit unions and propelling financial well-being for their members across the country."

About Scienaptic AI

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai

Media Contact
Chandan Pal
***@scienaptic.com
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